AT&T Reorganizes WarnerMedia Forces for a Big Battle With Netflix
And Disney. And Apple. And, well, EVERYONE.
Jesus. What's going to be left after the dust settles? Needless to say you'd have to be living under a rock to not know that there is a video streaming war going on right now, and the guns are a'blazing as we speak with the King of Online Media entertainment, Netflix, at the top of a very big media mountain. But, honestly.... Netflix may not want to stand up on that.
AT&T Is Currently Gearing Up for One Heck of a Brand Positioning
We're talking about layoffs here. Cost cuts. This occurred right after Richard Plepler, ex-head of HBO, and David Levy, the now former Turner Broadcasting president officially resigned their post within the company.
Now if you're thinking AT&T are coming in fresh out of boot camp in this, you're wrong: the company just made it out of another war to buy Time Warner for $85B against an appeals court challenging the bid. With that out of the way, they're now poised to make that investment an ROI grenade launcher as they reinvest some savings to focus on media streaming --
That's right: HBO will officially go full-on with media subscription services, which as you know has been quite the trend lately in technology particularly with Apple. You see the writing on the wall? This might make the Hobbit's Battle of Four Armies pale in comparison.
Of Course, Netflix Isn't Too Worried at This Point
They really shouldn't be. Yet. After all, the streaming giant commands a massive 150MM subscriber base and a heavy hand with Hollywood television and film as noticed by the power it wields at the Oscars. But don't count out some other heavy hitters -- like Disney.
That mega-monster of media, of course, shelled out $71B for Twenty-First Century Fox, which means Hulu -- Netflix's "former" rival -- now has some beefed-up muscle to go with Disney's own streaming service that will feature some rockin' original programming to go head-to-head with Netflix. Have you seen stranger things than that? Of course not. This was a long time coming.
Again, Though -- Definitely Don't Count Out AT&T
Think about it: we've got franchises like Hanna-Barbera and Looney Tunes with this company. With consolidations of tons of advertising and affiliate sales, WarnerMedia now buttressed by the clout of AT&T may not only give a run for Netflix's money, but Disney's money, and Apple's money, and, well, your money.
There can be only one. Unless you're a media freak, and you don't mind having multiple accounts. What do you think about this? SIGN UP FOR A VIGYAA ACCOUNT AND START WRITING OUT YOUR OPINIONS ON THE UPCOMING STREAMING WAR.